This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the … growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted. …

optimality in comparison with a reference group of the four EMU-member countries Greece, Ireland, Portugal, and Spain. The …

This paper studies the impact of credit rating agency (CRA) announcements on the value of the Euro and the yields of …-2012. The employed GARCH models show that CRA downgrade announcements negatively affected the value of the Euro currency and …

's membership. There were several opinions about what Greece should do; many economists believed that leaving the Euro could lead to … the collapse of the whole union in a chain reaction, others however believed that Greece could only be saved if it left … the union and tried to achieve external devaluation with its own new national currency. Greece asked for help from the IMF …

to an 86% increase in the Greek issue of euro banknotes.If EU/IMF loans to Greece cease, they will be replaced by larger … Greek borrowing from the eurosystem, for as long as Greece stays in the euro.Eurozone governments would only escape from … payments out of Greece, it would imply that cross-border payments by means of euro banknotes would also have to be restricted …

We assess the role of financial linkages in the transmission of sovereign risk in the Euro Crisis. Building on the …

sovereign bailouts -- in the euro-area that would have reduced members’ external imbalances. This situation contrasts sharply …